July 29, 2022
Via: FinTech FuturesThe closures are the latest in a long line of branch closures as high street banks grapple with changing customer behaviours and the shift to mobile and digital-first banking. Lloyds Banking Group says it has 19.1 million online banking customers […]
July 1, 2020
Via: FinextraIn partnership with Reliant, an NRG Energy company, the deal will contribute to Bank of America’s commitment to purchase 100% of electricity from renewable sources and builds on the company’s carbon-neutral efforts. The project will provide electricity through the Electric […]
December 3, 2019
Via: Banking TechnologyPowered by near field communication (NFC) connections – i.e. contactless technology, and QR codes, the ATMs will offer customers a choice of how they access their money. “We are excited about introducing NFC technology into our customers’ banking experience, offering […]
April 8, 2019
Via: FinextraThe company also continues to expand its retail banking and small business services in new and existing markets. Financial center modernization – Bank of America has modernized more than 1,000 financial centers over the last three years, and today announced […]
Capital and Risk, Operational, Retail Banking
August 3, 2018
Via: Banking TechnologyChase Bank ATMs now allow customers to withdraw cash using their phones’ mobile wallet and NFC capabilities. The bank’s ATM network has around 16,000 terminals throughout the US, but customers can also use ATM vestibules from outside the bank. This […]
July 23, 2018
Via: Banking TechnologyThe plan is to install ATMs and digital service kiosks at 35 of its branches by 2020. The bank says its redeployed tellers will become branch digital ambassadors and service executives or perform other advisory roles. To make it clear, […]
Capital and Risk, Operational, Retail Banking
June 6, 2018
Via: FinextraThrough an extended relationship with Cardtronics, the world’s largest ATM owner/operator, Santander-branded ATMs are now in most Market Basket grocery store locations in Massachusetts and additional CVS Pharmacy stores in the Northeast. This marks the first time Santander ATMs have […]
Capital and Risk, Operational, Uncategorized
February 6, 2018
Via: FinextraUS authorities have charged two men with bank fraud after they allegedly used malware to jackpot ATMs and empty the machines of cash. Last week it emerged that the US Secret Service has been warning banks and ATM manufacturers that […]
Capital and Risk, Operational, Retail Banking
October 11, 2017
Via: Banking TechnologyMore than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”. The bank says it aims to upgrade […]
October 3, 2017
Via: Market WatchSome of the most aggressive bank fees are also the most avoidable. ATM fees hit a new high for the 11th consecutive year, according to a study of fees by personal-finance site Bankrate.com. The survey looked at 10 banks and […]
July 26, 2017
Via: CNBCBanking technology firm Cennox has announced a deal to buy the European division of 3SI Security Systems, with a view to expanding its hardware, software and security provision. It follows an international upward trend in consumers making transactions using automated […]
February 19, 2016
Via: Bank Info SecurityBy spring, banks and credit unions across the U.S. are expected to start rolling out “card-free” ATMs, offering transactions that experts say will eliminate fraud losses linked to skimming, and at the same time open new doors for mobile payments. […]
February 12, 2016
Via: Banking TechnologyPopular Community Bank and Oriental Bank are to deploy FIS Cardless Cash, a mobile banking app to withdraw money from many ATMs in the US. Financial services technology provider FIS and PayPal launched Cardless Cash in January 2015, as a mobile ATM solution that […]
February 10, 2016
Via: Bank InnovationTraditionally, skimming seems like the most low-brow of security breaches in banking. Until Monday. That’s when what can only be described as a shockingly sophisticated skimming scheme was uncovered by KrebsOnSecurity, a leading security blog. What’s more, the scheme exposes what can […]